London Stock Exchange will float in July

By

Margareta Pagano

May 24, 2001 5:00 pm GMT

The London Stock Exchange has confirmed that it will list its shares on its own market by the end of July and and will call for an immediate extraordinary meeting to abolish the 4.9% limit on shareholdings.

Clara Furse, chief executive, also gave notice that the LSE will pursue an aggressive strategy in its bid to remain Europe's dominant equity market. She said: &quotThe exchange operates in a fast-moving and competitive marketplace. I am determined that the exchange should seize opportunities presented by its position...